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Jun 30, 2013
06/13
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in a tax haven like ireland and you will see the economy boom. we tried everything else and why not this. >> we have been printing money like crazy. the stock market when they got the news of the economy slowing down they boom, ben bernanke would print more money and that is not helping. >> no, it is not. and that is why personal take home pay per capita is the same point as it was in 2011. false economy where the fed came in and botched the credit markets hasn't helped and what we must do first and foremost, get rid of obama care. the surx on invest sxment medical dwois tax and payroll tax for medicare, they hurt job investment and creation. >> the cost of borrowing goes down and the cost of dng business increased becaus o all of the new taxes and regulations, right? >> again, it is the price on work when you pay on income tax. profits and proysor success and capittal gains and when you lower the burden on those good things,ou get more of them. the idea of targeting tax cuts that is soviet style central planning. remove the barriers for the amer
in a tax haven like ireland and you will see the economy boom. we tried everything else and why not this. >> we have been printing money like crazy. the stock market when they got the news of the economy slowing down they boom, ben bernanke would print more money and that is not helping. >> no, it is not. and that is why personal take home pay per capita is the same point as it was in 2011. false economy where the fed came in and botched the credit markets hasn't helped and what we...
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Jul 3, 2013
07/13
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some improvement in the economy would flow through to the broader, global economy. there has been significant depreciation in the australian dollar, around 10%. that will give a boost to the economy and achieve rebalancing that we would have otherwise to try to achieve with interest rates. >> is there any short-term concerns about that? >> the question will be whether this is a short-term depreciation or whether we will see more. that will largely depend on what is happening in china over the next period of time. if the growth continues to slow, we may see further depreciation. >> let's talk about that relationship between china and australia. the old prime minister, now the new prime minister said that getting a free trade agreement with china is one of his top priorities. how important is that? he described it as a camel going across the sahara looking for water. it is not moving very quickly. is that a good way to describe it? >> eric arising it as slow is the best way of doing it. there have been negotiations for a couple of years now. the negotiation includes c
some improvement in the economy would flow through to the broader, global economy. there has been significant depreciation in the australian dollar, around 10%. that will give a boost to the economy and achieve rebalancing that we would have otherwise to try to achieve with interest rates. >> is there any short-term concerns about that? >> the question will be whether this is a short-term depreciation or whether we will see more. that will largely depend on what is happening in...
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Jun 30, 2013
06/13
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when housingis doing well i is bad for the economy. it means less money is flowing for commercial ideas ts is not a free market in housing. it is a government driven market in housing. >> that is a relative term. >>et the government out. >> housing is doing well when people are earning more that is good. but when fed is printing money it is a bad thing. >> mike put it in context for us. >> and the government turning to the nfl to help the health care law and we will be sacked with higher medical bills. that isin the bottom of the hour. forget about happy hour at your bar. how about happy hour at the desk. more companies allowing workers to hit the bottle at work. is this a dangerous business an. >> t alcohol. a solution to all of life's problems. >> raise a glas at worko raise the bottom line? an increasing number of companies reported letting workers drink alcohol while on the cloc claimg it helps the workers get the creative juices flowing and causes them to stick around the office longer. i wish my boss would believe that. we know t
when housingis doing well i is bad for the economy. it means less money is flowing for commercial ideas ts is not a free market in housing. it is a government driven market in housing. >> that is a relative term. >>et the government out. >> housing is doing well when people are earning more that is good. but when fed is printing money it is a bad thing. >> mike put it in context for us. >> and the government turning to the nfl to help the health care law and we...
SFGTV: San Francisco Government Television
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Jul 5, 2013
07/13
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and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermath of hurricane sandy, or now in oklahoma, or whether they needed to get a car because their car was damaged, or they needed some repairs in their house, they're trying to relight the pilot in the stove and they didn't know how to do it. they can't find the big utilities enthralled in a great effort elsewhere. these sorts of things people can help each other and we can access the companies that are part of bay share and the share economy to get some help for people right away. it's all in the general effort that i want people of san francisco in every single neighborhood to know we want them here as part of the recovery, that they're not going elsewhere, we're not leaving them alone. we're not leaving them isolated. i learned that big lesson as myself and others who went with me to new orleans a few years back a couple years after their levees broke. we tried to understand the frustration of people
and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermath of hurricane sandy, or now in oklahoma, or whether they needed to get a car because their car was damaged, or they needed some repairs in their house, they're trying to relight the pilot in the stove and they didn't know how to do it. they can't find the big utilities enthralled in a great effort elsewhere. these sorts of things people can help...
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Jul 1, 2013
07/13
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>> i think our role in the consumer economy. we were talking about the consumer and the economy. i think we need to think about how we as people in the economy, want to keep on buying. want to keep on doing stuff and as i talked about, media and the future of media, what it will look like, it will not look like this in ten years. >> thank you both very much. up next "on the money." a rare conversation with former treasury secretary todd paulson, and the grammy award-winning cellist, on the changing music industry and arts education. >> welcome back to aspen, colorado, as the market s speculate on the federal reserve's next move, i have with me hank paulson. five years after managing the financial crisis, he weighs in to fed pull-back and washington's deadlock and the future of the economy. >> ben bernanke has done an excellent job of preparing the fact, for a fact, that the extraordinary intervention by the fed and low interest rates will have to end. as i look at it from 100,000 feet, what the fed has done has been very important. over the last five years, we've had a very neces
>> i think our role in the consumer economy. we were talking about the consumer and the economy. i think we need to think about how we as people in the economy, want to keep on buying. want to keep on doing stuff and as i talked about, media and the future of media, what it will look like, it will not look like this in ten years. >> thank you both very much. up next "on the money." a rare conversation with former treasury secretary todd paulson, and the grammy...
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Jun 30, 2013
06/13
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but more importantly, immigrants fuel our economy. bringing these 11ilon workers out of the shadows into the economy is going to be inedle for o gdp. they're forecast, but it's going to increase gdp up to 2 that's something that the wasteful spending inthere, i can say, ay, that's how congress works. sometimes you can't always get what you want, but if you try sometimes, you just mightfind you get what you need. >> gary buso, jehmu says the benefits, and the cost is not all that great in the pork. what do you say? >> i would argue, brenda, this is the ultimate lose-lose. forget how you feel about immigration, the fact is nobody has read the bill. so anyone like jehmu or me wo is saying here a the negatives, it doesn't matter because nobody read the ill. >> not true. >> you read the whole bill, jehmu? i doubt it. i won't put you on the spo though, maybe you d. but the point is nobody in the senate read the bill before they passed it. as far as some of the benefits, the bulkf the border ants aren't even supposed to be gher since 2021. t
but more importantly, immigrants fuel our economy. bringing these 11ilon workers out of the shadows into the economy is going to be inedle for o gdp. they're forecast, but it's going to increase gdp up to 2 that's something that the wasteful spending inthere, i can say, ay, that's how congress works. sometimes you can't always get what you want, but if you try sometimes, you just mightfind you get what you need. >> gary buso, jehmu says the benefits, and the cost is not all that great in...
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Jul 3, 2013
07/13
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>> i think for the global economy, the biggest concern both the global economy and u.s. investor, is what that means for oil prices. oil prices might in the short term spike based on what happens in egypt. we have to remember, egypt provides less than 1% of global supply. so from that prospective, you might see a spike but there are other players like saudi arabia that will open taps. this will create volatility in the oil market and equity market in the united states. >> when you get this instability in major e common es, and brazil is a major economy and istanbul and turkey and egypt, does that change the attitude of investors globally to take on risk? >> i think all this is the outcome of a global economy, especially an emerging market that isn't growing as fast as it used to be. especially in brazil, a lot of complaints about corruption but guess what? co corporation has been around a long time. the good news is in places like brazil, the fact that people are bringing these issues to the forefront does help in the longer term for them to actually have to address it a
>> i think for the global economy, the biggest concern both the global economy and u.s. investor, is what that means for oil prices. oil prices might in the short term spike based on what happens in egypt. we have to remember, egypt provides less than 1% of global supply. so from that prospective, you might see a spike but there are other players like saudi arabia that will open taps. this will create volatility in the oil market and equity market in the united states. >> when you...
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Jul 2, 2013
07/13
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KRCB
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the economy is weak. again the danger is more a lost decade like japan than an inflation of the '60s or '70s. >> charlie: which bernanke knows about. >> this is the most interesting part to me of this drama we've had in last few weeks with the fed saying it's thinking about pulling back this bond buying. behind that forecast that they're going to pull back on the $85 billion is a pretty optimistic economic forecast. they think the economy could grow close to% by the end of the year despite all the fiscal head winds and more than 3% next year. that's a pretty rosey outlook. it will be fascinating to see if the economy meetsz those. that's actually faster than what wall street economists are expecting. if the economy meets those objectives, that will be a pretty impressive forecast. if it doesn't then everybody we've been talking about about the fed pulling back could be off the table. >> charlie: the second question is, could the fed or could fiscal policy have been different that would have given us a hig
the economy is weak. again the danger is more a lost decade like japan than an inflation of the '60s or '70s. >> charlie: which bernanke knows about. >> this is the most interesting part to me of this drama we've had in last few weeks with the fed saying it's thinking about pulling back this bond buying. behind that forecast that they're going to pull back on the $85 billion is a pretty optimistic economic forecast. they think the economy could grow close to% by the end of the year...
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economic planning right there this is keynesianism laid bare was you have a car the economy is not a truck ok austrian economists when they teach about economics they explain how the economy is organic it's not like you just put gasoline in a car and then turn an engine on and that's how it works there are always organic bits and pieces of the economy that are fluctuating that no central banking share could possibly imagine could could come into the economy could come into play the problem here is that ben bernanke he thinks that if you just put money into one end of the economy that jobs come out the other end you know this is the failure of stimulus and keynesian economics certainly and we saw in two thousand and eight he was actually taking billions of dollars hundreds of billions of dollars from one sector of the economy he was blowing the money into the primary dealers in other mergence the facilities and then he realized that commodity prices were exploding and then he had to pull it out of another so he started actually selling t. bills during the summer of two thousand and ei
economic planning right there this is keynesianism laid bare was you have a car the economy is not a truck ok austrian economists when they teach about economics they explain how the economy is organic it's not like you just put gasoline in a car and then turn an engine on and that's how it works there are always organic bits and pieces of the economy that are fluctuating that no central banking share could possibly imagine could could come into the economy could come into play the problem here...
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it's not about that it's about market based economies rules based economies this is what we're talking about and the reason why some are doing better than others is because they played their cards better because they got it right and right no we have the best example of the differentiated approach is the ones who did it right who saw it coming got it better and have much better results i think i would like to know what the world called. to say here is first of all what is capitalism at the end of the it's about competitiveness competition or an airship interpret north pole for the factors that are important here i think one factor that out of many that will facades is the breakdown of the berlin wall so before the world was i would say as a former physicist the world was classical you have to lose and you have socialists now with the breakdown of the of the of the berlin wall we're entering the new world where politics and economics are quantum what does that mean in the biz that it's globalization at the end of the day it's every in each unit matters it's quantum it's not the global i
it's not about that it's about market based economies rules based economies this is what we're talking about and the reason why some are doing better than others is because they played their cards better because they got it right and right no we have the best example of the differentiated approach is the ones who did it right who saw it coming got it better and have much better results i think i would like to know what the world called. to say here is first of all what is capitalism at the end...
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Jun 27, 2013
06/13
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, to help the country's economy to grow. >> translator: three things that distort the japanese economy are too little investment, too much regulation and too intense competition. i think we need to correct them. >> he said realignments would help ease excessive competition. he said when a company spins off a part of its business and makes a new entity in the u.s., the regulations allow the company to report losses from the new entity as if they were the company's own losses. he said the government will discuss the matter further during upcoming tax reform discussions starting this autumn. here are the latest market figures. >>> japanese engineers are looking to wind power for sustainable energy. they've started operating a major wind turbine on a trial basis in southwestern japan. the turbine is 83 meters wide and stands off the coast of kitakyushu. it can generate enough electricity to meet the needs of 1,500 households. officials pushed the start button to set the turbine in motion. they produce more stable supplies in electricity than land-based wind power. this is because sea winds
, to help the country's economy to grow. >> translator: three things that distort the japanese economy are too little investment, too much regulation and too intense competition. i think we need to correct them. >> he said realignments would help ease excessive competition. he said when a company spins off a part of its business and makes a new entity in the u.s., the regulations allow the company to report losses from the new entity as if they were the company's own losses. he said...
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to get the economy be expected to grow if this class of students graduating right now is graduating out of the owners of huge debts that they are being told that they'll never have to pay off or you have to ask how much aggregate demand is being taken out of the system by that nine percent over fifteen thousand sixteen thousand pounds repayment threshold for all graduates a tremendous amount of aggregate demand because we know that all the interest of people in all of these games right adds up to the double or almost two point seven times the amount of money being saved by these artificially low interest rates on the other side of the ledger book from the mortgage owners. one of the things is there were two options on the table one was to go and change the interest rates full bore was and so the individual boards would stay in the system for longer because it took them longer to erode their outstanding balances so they would make additional repayments at the end the other proposal the most trouble making is what they're calling a synthetic hedge and this would be where the governmen
to get the economy be expected to grow if this class of students graduating right now is graduating out of the owners of huge debts that they are being told that they'll never have to pay off or you have to ask how much aggregate demand is being taken out of the system by that nine percent over fifteen thousand sixteen thousand pounds repayment threshold for all graduates a tremendous amount of aggregate demand because we know that all the interest of people in all of these games right adds up...
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Jun 27, 2013
06/13
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is the economy strong enough for fed to back off. he want to ask one man there leading the country when the crisis started and steering the ship. joining me now is former treasury secretary hank paulson. secretary paulson, very nice to see you again. >> maria, terrific to be here. >> thanks for joining us. is the economy strong enough for the fed to start moving away? >> the way i look at it is this. ben bernanke has done an excellent job of preparing the market for the fact -- for the fact that this extraordinary intervention by the fed and extraordinary low interest rates, that will eventually have to end. he's been reassuring about it. because he said if and when the economy is strong enough, he is going to phase this program out. he has made it very clear that this isn't the time to do it but that the time will come when the economy is strong enough. as i look at it, from a hundred thousand feet, what the fed has done has been very important. because over the last five years, we have had a very necessary massive deleveraging of e
is the economy strong enough for fed to back off. he want to ask one man there leading the country when the crisis started and steering the ship. joining me now is former treasury secretary hank paulson. secretary paulson, very nice to see you again. >> maria, terrific to be here. >> thanks for joining us. is the economy strong enough for the fed to start moving away? >> the way i look at it is this. ben bernanke has done an excellent job of preparing the market for the fact...
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Jul 5, 2013
07/13
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the economy, the fundamentals of the economy are showing greater than 3% rate and with that in place as the drag disappeared in the second half of this year, you'll see the private sector fundamental reassert and growth not of 2.5% in the second half of second part of this year. >> if that is true and accelerates, maybe more into the fourth quarter, what is the implication for interest rates and federal reserve policy? >> that's an interesting question. i think at this point what the fed signalled that their intent is to reduce the level of stimulus and they are looking at three things. for one, they want to see the confirmation in the economy that we are making a turn for the better and the pace of the recovery is accelerating. i think they will get confirmation for that and the september time in the market seemed to have price it appropriate at this time. so at that point, i think the fed will get the indication that the economy needs less support and would starts1] reducing th level of stimulus providing to the economy. >> so how does this translate for people out of work and loo
the economy, the fundamentals of the economy are showing greater than 3% rate and with that in place as the drag disappeared in the second half of this year, you'll see the private sector fundamental reassert and growth not of 2.5% in the second half of second part of this year. >> if that is true and accelerates, maybe more into the fourth quarter, what is the implication for interest rates and federal reserve policy? >> that's an interesting question. i think at this point what...
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Jul 1, 2013
07/13
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CSPAN2
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economy is to agree. there's some bubbles are in there, maybe housing is something to watch, maybe certain credit markets are out of whack. we've got this. after all, this lon long historf solve the mystery of how to corral these forces that have caused booms and busts over the course of history. well, let's fast-forward to august 9, 2007. this was about a year before what most of us think of as the crisis, but for the central bankers this was the beginning point. it was a thursday. the governor, the president of the european central bank was on vacation on the coast of france. his phone rings about 7:30 a.m. it's ahead of the market desk of the ecb in frankfort. we have a problem. so the problem was that the major european banks had lost faith in each other. they lead very heavily, bought a lot of the subprime mortgage securities and u.s. those are all on their books and those he could return that were not worth as much what people thought were. things that were aaa were not at all to play. so what happe
economy is to agree. there's some bubbles are in there, maybe housing is something to watch, maybe certain credit markets are out of whack. we've got this. after all, this lon long historf solve the mystery of how to corral these forces that have caused booms and busts over the course of history. well, let's fast-forward to august 9, 2007. this was about a year before what most of us think of as the crisis, but for the central bankers this was the beginning point. it was a thursday. the...
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time to cut dicits is when the economy is in recovery as bill clinton did in 1990ss clinton got economy to surplus in context of high growth, you have a soft economy, that is a time to have defkit sit spending becae you need stimulus. john: mark, respond? >> what we're suffering from today is imprudent fiscal policy, what the government is doing with their irresponsible welfare payments with interfering with business and so forth. is keeping the private sector, which is the majority stakeholder that should be the focus here, with employment and so forth, they are the key. we have to really encourage. john: what abou don'to poi -- bo point? >> tre are many examples in private sector where banks, companies i was a consultant for ibm they went 3 a difficult down size -- through a difficult down siding in 1990s they fired a quarter of their workers. a hundred thousand workers, like at ibm today, united states, same situation. if we adopt austerity, prudent austerity we can turn our country and blossom like we've never done before. john: bob, when you say now is not the time, when is the tim
time to cut dicits is when the economy is in recovery as bill clinton did in 1990ss clinton got economy to surplus in context of high growth, you have a soft economy, that is a time to have defkit sit spending becae you need stimulus. john: mark, respond? >> what we're suffering from today is imprudent fiscal policy, what the government is doing with their irresponsible welfare payments with interfering with business and so forth. is keeping the private sector, which is the majority...
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Jul 4, 2013
07/13
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there was a recent revision to the gdp assets and the british economy is behind in terms of the economy than previously imagined. >> we might see mpc minutes that are much more detailed than we have seen in the past. for example. and things like forward guidance, which we're expecting in august, is all about making the bank of england more transparent. and that's something he's been very strong at. >> forward guidance, you look at what has been playing out on gilts, a close correlation between the gilt market, so forward guidance would sever that connection which would be helpful for borrowing costs in the uk. are designed to draw crowds.s ♪ ♪ others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. >> imagine a store with no signs in the aisles, a store that doesn't bag your purchases, one that never advertises, where you have to pay a fee just to walk in the door. who in the world would shop here? as it turns out, about 3 million fanatically loyal customers every day. it's called costco... >> i love costco. >> i bought ground beef. >> lawn furniture
there was a recent revision to the gdp assets and the british economy is behind in terms of the economy than previously imagined. >> we might see mpc minutes that are much more detailed than we have seen in the past. for example. and things like forward guidance, which we're expecting in august, is all about making the bank of england more transparent. and that's something he's been very strong at. >> forward guidance, you look at what has been playing out on gilts, a close...
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Jun 30, 2013
06/13
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FBC
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that's why it's going to hurt the economy. >> jamu? what do u think? >> we do nothave to choose been the health of our kids and the health of our economy. we know when we banned leaded fuel and we banned things that were bad for our kids, the toys they were playing with, it didn't kill the plastics any, it didn't kill the oil industry. it sound like what larry has said is he has a bad lack of faith in our american companies to innovate. i don't have that lack of faith. i know that small business owners and the ceos of walmart, ceo of honeywell,hey believe in a clean energy economy, tha we can fix climate change, protect our environment and have a strong economy. they don't have to be separate. >> well, gary,t's a pretty tepid job market as it is. is something like this really going to stall it? >> it's absolutely going kill us and it's not going to kill any kid as jehmu kind of tal about. they've been in no vanovating f hundreds of years. let me read some of the stats, brenda, and i don't mean to be mundane, but there are certain poin recently studied
that's why it's going to hurt the economy. >> jamu? what do u think? >> we do nothave to choose been the health of our kids and the health of our economy. we know when we banned leaded fuel and we banned things that were bad for our kids, the toys they were playing with, it didn't kill the plastics any, it didn't kill the oil industry. it sound like what larry has said is he has a bad lack of faith in our american companies to innovate. i don't have that lack of faith. i know that...
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economy is still very fragile. i said earlier i think the rates where they are, 10-year bond is probably got purchase. there is outside chance -- david: guys, sorry to break in here. we have breaking news. i was mentioning egypt, the etf of egypt before. it is down right now. this might be why. we're seeing armored vehicles, this is live picture from cairo. armored military vehicles are speeding on to the area. there is a an area islamist are battling some of the people in favor the coup d'etat against the muslim brotherhood folks. muslim brotherhood folks represent a big chunk of the population there. maybe minority now. it is big enough, strong enough, and militant enough to cause real problems for the military. looks like battle something continuing as we speak. it is late into the night in cairo. it may happen all night but the military is taking no chances. they are surrounding the opponents of the new regime as best as they can. cheryl: david, we've been watching the oil contract, wti in particular, over $103
economy is still very fragile. i said earlier i think the rates where they are, 10-year bond is probably got purchase. there is outside chance -- david: guys, sorry to break in here. we have breaking news. i was mentioning egypt, the etf of egypt before. it is down right now. this might be why. we're seeing armored vehicles, this is live picture from cairo. armored military vehicles are speeding on to the area. there is a an area islamist are battling some of the people in favor the coup d'etat...
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Jun 28, 2013
06/13
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they don't have to be explicit events in the economy. it could be something in the middle east, it could be something in europe. it could be something here in the united states political. the idea that we can continue to trade on the wish trade and i believe the markets are trading on what people wish was actually happening, not what the fundamentals tell us is actually happening. >> are you making loans? . >> yes. we will grow our loan look. we will make something in the range of 22 billion in loans this 84, one to four -- multi-family loans. >> i want to ask you something, if you look at the trend in mortgage rates, say the 30-year fixed rate mortgage, what you saw over the last month was as sharp an increase as i have seen in decades, about 3.5 to 4.5, so we're still relatively low. be you that increase has got to shave some growth from the housing sector. i think it will be relatively small. it's pushing in the wrong direction, isn't it, joe? >> absolutely correct. but the reality is the housing market has been taken over by the gove
they don't have to be explicit events in the economy. it could be something in the middle east, it could be something in europe. it could be something here in the united states political. the idea that we can continue to trade on the wish trade and i believe the markets are trading on what people wish was actually happening, not what the fundamentals tell us is actually happening. >> are you making loans? . >> yes. we will grow our loan look. we will make something in the range of...
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Jun 28, 2013
06/13
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we want your view on the economy and market. let's start with the economy. you see the data. >> yeah. >> you see what consumeers are doing with their money, all of this fed talk. tell us what kind of shape is this economy in? is it healed? >> it's healing. it's growing at a subpara pace. if you take out government spending, private sector economic activity has been growing 3% on a year to year basis since mid 2010. so i think a lot of what we're seeing is that the government's role in directly spending on economic goods and services has actually come down and the private sector isn't doing too badly however, the employment situation is slow and got the feds spooked and right now a major issue whether they will do it or not depending on the labor market. >> all and all the economy is growing but slow. >> ed, i heard you earlier today talking about something we mentioned in the introduction. one one day the market goes up because the economic data is bad and the next day the market goes up because an economic data is good. how do you make sense of that? >> you
we want your view on the economy and market. let's start with the economy. you see the data. >> yeah. >> you see what consumeers are doing with their money, all of this fed talk. tell us what kind of shape is this economy in? is it healed? >> it's healing. it's growing at a subpara pace. if you take out government spending, private sector economic activity has been growing 3% on a year to year basis since mid 2010. so i think a lot of what we're seeing is that the government's...
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Jun 29, 2013
06/13
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FOXNEWSW
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when housing is doing well it is bad for the economy. it means less money is flowing for commercial ideas this is not a free market in housing. it is a government driven market in housing. >> that is a relative term. >> get the government out. >> housing is doing well when people are earning more that is good. but when fed is printing money it is a bad thing. >> mike put it in context for us. >> and the government turning to the nfl to help the health care law and we will be sacked with higher medical bills. that is in the bottom of the hour. forget about happy hour at your bar. how about happy hour at the desk. more companies allowing workers to hit the bottle at work. is this a dangerous business plan. >> to alcohol. a solution to all of life's problems. as your life changes, fidelity is there r your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your p
when housing is doing well it is bad for the economy. it means less money is flowing for commercial ideas this is not a free market in housing. it is a government driven market in housing. >> that is a relative term. >> get the government out. >> housing is doing well when people are earning more that is good. but when fed is printing money it is a bad thing. >> mike put it in context for us. >> and the government turning to the nfl to help the health care law and...
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that collapse in the greek economy in the collapsing economies around the world is that there's a neo fascism in place and you see it certainly in ireland as one of the most corrupt governments in europe historically than any other government and that's also part of the mix here is that the crony capitalism in ireland is one of the most severe problems any european country but the tapes themselves and you can hear the tapes you've got actual voices on these tapes and they're threatening essentially give us the money we're going in with arms swinging there threatening violence it's a stick up isn't it isn't that what's the difference between this and a hold up well there are you know basically what they're doing is they're trying to they're planning to go to the government and understates the amount of money they need to rope in the government to so because they believe the government at times over some money but they have what they say skin in the game and the government will have to continue to give over money so that's exactly but unless you know the history of doors bank it goes ba
that collapse in the greek economy in the collapsing economies around the world is that there's a neo fascism in place and you see it certainly in ireland as one of the most corrupt governments in europe historically than any other government and that's also part of the mix here is that the crony capitalism in ireland is one of the most severe problems any european country but the tapes themselves and you can hear the tapes you've got actual voices on these tapes and they're threatening...
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Jun 30, 2013
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one is, our role in the consumer economy. i think we've been talking about before we went on the air, talking about the consumer and the economy. we need to think about how we, as people in this economy, you know, want to keep on buying. and the other one is, as i talked about media in the future, what it's going to look like, it's not going to look like this ten years from now. >> we'll leave it there. good to see you both. thank you very much. >>> up next "on the money," a rare conversation with former treasury secretary hank paulson. we'll talk ben bernanke and why china really matters. >>> the great yo-yo ma joins me. the cellist on classical music changing the music industry in arts education. jrjs welcome back. from beautiful aspen, colorado. as the markets speculate on the federal reserve's next move, i sat down with the man who helped pull our economy back from the brink of disaster. former treasury secretary hank paulson. five years after managing the financial crisis, he weighs in on the fed pullback and the future
one is, our role in the consumer economy. i think we've been talking about before we went on the air, talking about the consumer and the economy. we need to think about how we, as people in this economy, you know, want to keep on buying. and the other one is, as i talked about media in the future, what it's going to look like, it's not going to look like this ten years from now. >> we'll leave it there. good to see you both. thank you very much. >>> up next "on the...
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Jun 27, 2013
06/13
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normally that might signal a healthier economy. in this situation with the fed driving rates i'm not so sure. i see a lot of stock market problems as well as bond market problems. >> we're in this really strange, weird place right now where nobody really knows what is impacting the flow of funds. right now i'd say rates have peaked as a trader. as a trader, i think the short-term rates have peaked and we're going to fall back a little bit, but with the s&p, the s&p'sec broen support. we're in a sideways trading range for quite a while in equities as well as bonds and i think you'll just have to buckle up and let the volatility continue because it's going to, i think, for the next few months. >> as we get closer to september. ask me why september? i just intuitively think that they're going to move in september. >> it's a month on the calendar toward the end of the year and get to qe altogether by june of 2014. >> so they're not going to end qe in june and they're not going send in july and they're not going to end it in august and
normally that might signal a healthier economy. in this situation with the fed driving rates i'm not so sure. i see a lot of stock market problems as well as bond market problems. >> we're in this really strange, weird place right now where nobody really knows what is impacting the flow of funds. right now i'd say rates have peaked as a trader. as a trader, i think the short-term rates have peaked and we're going to fall back a little bit, but with the s&p, the s&p'sec broen...
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everybody wants to see people getting jobs, it's good for the economy. what's taking so long? >> we talk about how auto sales are doing better, construction, retail, how much more do we need to get companies hiring again? >> you're making an interesting point. we're seeing strong news in the auto industry and strong news in housing and construction, but i think we're being held back by a fiscal drag that is still pretty intention. i think we're being held back by a global economy that is still pretty weak and the balance of this is giving us something that's -- i guess i call it lackluster, nothing terrible but nothing exciting. we would like to see things move better and there is hope that the drags, at least on the fiscal side will fade, but that's still a forecast. it doesn't look like where we are now. >> bruce, thanks for joining us on this holiday shortened trading day and have a good 4th of july. >>> still ahead on the program, why do american businesses complain about a shortage of skilled workers, even though so many people are looking for work? we'll look at what is
everybody wants to see people getting jobs, it's good for the economy. what's taking so long? >> we talk about how auto sales are doing better, construction, retail, how much more do we need to get companies hiring again? >> you're making an interesting point. we're seeing strong news in the auto industry and strong news in housing and construction, but i think we're being held back by a fiscal drag that is still pretty intention. i think we're being held back by a global economy...
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Jun 30, 2013
06/13
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african economies grew on average around 6% last year. that's three times the pace of america's growth and faster than many asian countries. a new world is opening up to africans as they get used to credit cards and mobile phones. they are also becoming economically more free and more democratic. but there are hurdles ahead. the world economic forum's new africa competitiveness report shows that of the 20 least competitive economies in the world, 14 are african. what this means is that african economies are blighted by low productivity. african economies may be growing for now and from a very low base, but they are overdependent on commodities. more than half of the continent's total exports are minerals, a focus which makes it vulnerable to fluctuations in global demand. more than two-thirds of africa's labor force is employed in agriculture, much of it subsistence agriculture. on the other hand, manufacture, the hallmark of a developed economy, has essentially remained stagnant. its share of total gdp is the same as what it used to be i
african economies grew on average around 6% last year. that's three times the pace of america's growth and faster than many asian countries. a new world is opening up to africans as they get used to credit cards and mobile phones. they are also becoming economically more free and more democratic. but there are hurdles ahead. the world economic forum's new africa competitiveness report shows that of the 20 least competitive economies in the world, 14 are african. what this means is that african...
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it's the economy it's the economy and the economy and then there are others are saying it's all about islam i mean this is a conflict of huge cultures in societies here how do you how do you say way through it the initial egyptian revolution was actually a revolution against near liberalism in. many ways because it was directed against sort of wealthy gated community elite. and but but what has happened since morsi is come into power is that there's been a lot more focus on the question of islamism now was that a diversion or is it real is it real or is it diversion because there's still the gated communities what yeah i know and i think that that issue does have to be tackled because the demand for the levy ation of poverty the demand for jobs. it's a very real one and i think that in some ways. the most he was deflecting things to a kind of islamist agenda in ways that weren't tackling the economic questions that he needed to. you know brian if you think that's what morris he did is that because he couldn't grow the economy he went more to the cultural wars to use an american term i
it's the economy it's the economy and the economy and then there are others are saying it's all about islam i mean this is a conflict of huge cultures in societies here how do you how do you say way through it the initial egyptian revolution was actually a revolution against near liberalism in. many ways because it was directed against sort of wealthy gated community elite. and but but what has happened since morsi is come into power is that there's been a lot more focus on the question of...
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s economy is a very small economy so that it's a huge numbers forty five percent of g.d.p. right when you mention crony capitalism of course what you're talking to about is the collusion between bankers and regulators to inflate an enormous bubble well that's exactly it so these tapes that have come out recently are actually helping the establishment because what they're trying to say is it was a couple of rogue bankers are going to change state one if they come out so what the tapes were tapes in two thousand and eight two thousand and nine but they've just been revealed by a major newspaper in our lead in the last week or so so these you know they have millions of tapes we've only heard some hours of these tapes but most of the tapes so far between two thousand and eight two thousand and nine and they are from the treasury function in the bank and what the traders were saying to the c.e.o. and what the c.e.o. was saying to them it's quite important that the c.e.o.'s phone was not taped but so you only hear the conversations when it's the dealing room or the treasury depar
s economy is a very small economy so that it's a huge numbers forty five percent of g.d.p. right when you mention crony capitalism of course what you're talking to about is the collusion between bankers and regulators to inflate an enormous bubble well that's exactly it so these tapes that have come out recently are actually helping the establishment because what they're trying to say is it was a couple of rogue bankers are going to change state one if they come out so what the tapes were tapes...
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Jul 3, 2013
07/13
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economy and the u.s. economy is healthy. it is being h back right now. >> you carry a lot of stuff. i will not ask you how much. presumably the amount of stuff you're carrying is increasing all the time. why do not continue to invest and if you are, how much really are you being held back by the uncertainty in washington? >> ups is fortunate. we have been around for over 100 years and continually innovative. ourarry 6% of u.s. gdp in network. from the largest corporations to the small mom-and-pop business. we see the hesitation for investment very noticeable in small and mid-sized perhaps do e pockets and not have international markets to address. we have seen the larger businesses go global to find new growth outputs. that is harder to do for small and customers all the we think it is critical to u.s. competitiveness. the impact it has on ups is right now, the u.s. economy is chugging along may be added to percent rate or so. nowhere near what you'd expect any economic recovery. we're growing less and not able to expand as rapidly because demand is not there. but because of a long-
economy and the u.s. economy is healthy. it is being h back right now. >> you carry a lot of stuff. i will not ask you how much. presumably the amount of stuff you're carrying is increasing all the time. why do not continue to invest and if you are, how much really are you being held back by the uncertainty in washington? >> ups is fortunate. we have been around for over 100 years and continually innovative. ourarry 6% of u.s. gdp in network. from the largest corporations to the...